Visteon (NASDAQ:VC) Sets New 52-Week High at $160.40

Visteon Co. (NASDAQ:VCGet Rating)’s share price hit a new 52-week high on Thursday . The company traded as high as $160.40 and last traded at $157.10, with a volume of 26959 shares. The stock had previously closed at $157.48.

Analyst Ratings Changes

VC has been the topic of a number of research reports. Guggenheim increased their price target on Visteon to $147.00 in a research report on Tuesday, November 1st. Wells Fargo & Company dropped their price target on Visteon to $101.00 in a research report on Wednesday, December 14th. Citigroup raised their target price on Visteon from $129.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. JPMorgan Chase & Co. upgraded Visteon from an “underweight” rating to a “neutral” rating and raised their target price for the company from $112.00 to $129.00 in a research report on Monday, October 24th. Finally, StockNews.com began coverage on Visteon in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.14.

Visteon Trading Up 1.8 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.28. The company has a fifty day moving average of $140.84 and a 200-day moving average of $130.74. The firm has a market capitalization of $4.51 billion, a PE ratio of 37.05 and a beta of 1.83.

Insider Buying and Selling

In related news, Director David L. Treadwell sold 2,000 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $140.59, for a total transaction of $281,180.00. Following the completion of the sale, the director now directly owns 3,003 shares in the company, valued at $422,191.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently bought and sold shares of the stock. CWM LLC grew its position in shares of Visteon by 65.3% in the third quarter. CWM LLC now owns 238 shares of the company’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Visteon in the fourth quarter valued at about $31,000. Acadian Asset Management LLC acquired a new stake in shares of Visteon in the first quarter valued at about $38,000. Lazard Asset Management LLC acquired a new stake in shares of Visteon in the third quarter valued at about $41,000. Finally, Pinebridge Investments L.P. grew its position in shares of Visteon by 307.0% in the second quarter. Pinebridge Investments L.P. now owns 407 shares of the company’s stock valued at $42,000 after purchasing an additional 307 shares during the last quarter.

Visteon Company Profile

(Get Rating)

Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. Its products include Instrument Clusters, Information Displays,Telematics Solutions, Head-Up Displays, Domain Controller and DriveCore Autonomous. The company was founded on January 5, 2000 and is headquartered in Van Buren Township, MI.

Further Reading

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